REAL ESTATE – AUSTRALASIA – RESIDENTIAL

House price tumble steeper than tipped

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Original article by Robyn Ironside
The Australian – Page: 2 : 7-Jun-18

The ANZ Bank’s latest housing market report notes that the national auction clearance rate averaged 58 per cent in May, compared with 66 per cent in February. ANZ warns that the downturn means house prices may not rebound as strongly as the bank had previously forecast. ANZ now expects the downturn in house prices to be larger than forecast, noting that the slowdown has gathered pace in recent months. Housing Industry ­Association data also highlights the decline in sales of new homes in 2018.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, HOUSING INDUSTRY ASSOCIATION LIMITED

More foreign-owned properties in breach

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Original article by Primrose Riordan, Su-Lin Tan
The Australian Financial Review – Page: 2 : 19-Jan-16

Treasurer Scott Morrison has ordered eight foreign investors to sell their properties because of breaching foreign investment laws. The affected real estate includes properties in Blackburn, Carlton and Mount Waverley in Victoria; Robertson, Crestmead, Eight Mile Plains and Park Ridge in Queensland; and Windsor in New South Wales. The Australian Taxation Office is investigating 800 other potentially illegal purchases of property.

CORPORATES
AUSTRALIAN TAXATION OFFICE, AUSTRALIA. DEPT OF THE TREASURY, JELLIS CRAIG AND COMPANY, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD